Wade's attorney issued a statement regarding the actions of the former Mrs. Wade.

"Ms. Funches has made a mockery of homelessness which is a serious and personal issue for Mr. Wade as his mother was homeless for a period of time when he was a child," Wade's attorney, James B. Pritikin, said in a statement.

Wade will pay his ex-wife $5 million and there is a non-disparage agreement in the settlement, the Chicago Sun-Times reported.

Pritikin said Wade has been providing $25,000 in monthly support for Funches, paying for a mortgage, four cars, insurance, taxes and attorney fees.

"The safety and well-being of his children are (Wade's) main priority," Pritikin said. "Due to Ms. Funches' current unstable mental state, her visitation will be determined by the court. Mr. Wade continues to hope that one day he will have a civil relationship with his ex-wife for the sake of their sons."

It has been a long and winding road for Wade regarding his divorce, with Wade somehow managing to have the most successful stretch of his career at the same time.

Wade initially filed for divorce in 2007 and it seemed like every couple of weeks there was another salacious detail regarding his former relationship. The following year he led the league in scoring while averaging 30.2 ppg. In the ensuing four years, the Heat made the Finals three times and won back to back NBA championships.